The GFC has imposed significant financial constraint on the form and delivery of urban development, not the least of which is the lack of access to capital and its implications for larger scale projects that require substantial up-front investment and relatively long delays in the payback of that capital.
Most State Governments in Australia are actively encouraging a shift of urban activity in their capital cities from low density detached dwellings on the urban fringe towards higher density infill and inner city apartment development.
However, the financing of these larger scale apartment projects has been highly problematic for the majority of the development industry since the onset of the GFC and is likely to remain so for the foreseeable future.
Stephen will explore the delivery of higher density residential development outcomes utilizing intensive detached housing forms and other medium density housing products that can assist with project cash flows through a series of residential project and product examples (existing and proposed) and the consequent implications for urban design and form.
Key themes that have emerged include: – the urbanisation of suburbia – pragmatism in urban design to manage costs and cash flows – understanding the reality and necessity of home owner funding of construction – planning and regulatory system reform implications – council maintenance criteria and regimes for open space and public realms.
Mr Stephen Holmes, Director, Connor Holmes, Adelaide, SA will speak at the 5th International Urban Design Conference – The Hilton on the Park, Melbourne, Australia from the 10th to the 12th of September – 2012